|
24 Lease |
Group as a lessee
The Group has concluded rental and leasing agreements for the use of land, operational and administrative buildings, offices and storage areas, machines (including CNC machines) and in the area of the vehicle fleet. The group also rents IT equipment with contractual terms of between one and five years. These rental and leasing agreements are either short-term or (or and) they are based on items of low value. In addition, leasing contracts for tools (special leasing) and machines are concluded with a term of 3-10 years.
Right-of-use assets (Refer note 2 for details)
Lease Liabilities
|
(₹ In Crore) |
||
|
Particulars |
As at 31 March 2026 |
|
|
|
||
|
As at 01 April 2025 |
– |
|
|
Additions due to acquisitions (see note 46) |
620.94 |
|
|
Additions (other than acquisitions) |
16.19 |
|
|
Add: Accretion of interest |
1.38 |
|
|
Less: Payments |
(24.35) |
|
|
Foreign currency translations |
45.10 |
|
|
As at 31 March 2026 |
659.26 |
|
|
|
||
|
Non-Current |
469.07 |
|
|
Current |
190.19 |
|
|
|
659.26 |
|
The maturity analysis of undiscounted lease liabilities based on contractual payments:
|
(₹ In Crore) |
||||||||
|
Particulars |
< 1 year |
>1 to 5 years |
> 5 years |
Total |
||||
|
|
||||||||
|
Minimum lease payments |
184.09 |
400.47 |
165.60 |
750.16 |
||||
|
|
184.09 |
400.47 |
165.60 |
750.16 |
||||
For Foreign entities, the effective interest rate for lease liabilities is 3.38%, with maturity between 2026-2058.
For Indian entities, the effective interest rate for lease liabilities is 8.60%, with maturity between 24-60 months.
The following are the amounts recognised in profit or loss:
|
(₹ In Crore) |
||||
|
Particulars |
As at 31 March |
|||
|
2026 |
2025 |
|||
|
|
||||
|
Interest expense on lease liabilities |
1.38 |
– |
||
|
Depreciation expense of right-of-use assets |
29.48 |
1.98 |
||
|
Impairment of right-of-use assets |
– |
– |
||
|
Expense relating to short-term leases (included in other expenses) |
33.56 |
21.73 |
||
|
Expense relating to leases of low-value assets (included in other expenses) |
20.95 |
– |
||
|
|
85.37 |
23.71 |
||
The expenses for leases of an asset of low value mainly relate to rental and leasing contracts for IT equipment.
In the statement of cash flows, cash outflows for leases recognized were amounting to ₹ 79.36 crore. Of this, ₹ 24.35 crore as repayments of lease liabilities in the cash flow from financing activities and ₹ 55.01 crore as expenses from short-term and lower-value leases as well as interest expense and income from subleases of right-of-use leases in the cash flow from operating activities.
Group as a lessor
The total value of premises including electric fittings, furniture and fixtures is disclosed above as the identification of value of portion given on operating lease is not practicable.
The total future minimum lease rentals for non-cancellable leases, receivable at the Balance Sheet date is as under:
|
(₹ In Crore) |
||||
|
Particulars |
As at 31 March |
|||
|
2026 |
2025 |
|||
|
|
||||
|
Receivable |
||||
|
Within one year |
40.16 |
36.91 |
||
|
After one year but not more than five years |
60.26 |
58.63 |
||
|
More than five years |
0.40 |
0.93 |
||
|
|
100.82 |
96.47 |
||